Jackieleon
Jackieleon Jackieleon
  • 01-04-2021
  • Mathematics
contestada

How much interest will you earn by leaving $500 in a savings account for 3 years with an interest rate of 1.5%?

Respuesta :

zack28030
zack28030 zack28030
  • 01-04-2021

*☆*――*☆*――*☆*――*☆*――*☆*――*☆*――*☆*――*☆**☆*――*☆*――*☆*――*☆

: 522.5$

:

First calculate yearly interest

500 x 0.015 = 7.5

7.5 x 3(for 3 years) = 22.5

Then add them together!

500 + 22.5 = 522.5

!

<!> ! <!>

-

*☆*――*☆*――*☆*――*☆*――*☆*――*☆*――*☆*――*☆**☆*――*☆*――*☆*――*☆

Answer Link

Otras preguntas

At what type of plate boundary do compression and subduction take place?
Which notations represent different isotopes of the element sodium? (1) 32S and 34S (3) Na+ and Nao (2) S2- and S6+ (4) 22Na and 23Na
Who is the “Father of Our Country”?
What does the judicial branch do?
Which statement describes one acid-base theory? (1) An acid is an H+ acceptor, and a base is an H+ donor. (2) An acid is an H+ donor,. and a base is an H+ accep
Which quantity can be calculated for a solid compound, given only the formula of the compound and the Periodic Table of the Elements? (1) the density of the com
Who does a U.S. Senator represent?
The concentration of a solution can be expressed in (I ) milliliters per minute (2) parts per million (3) grams per Kelvin (4) joules per gram
Solve for x. 6x - 2 = 5x - 7 - 3x
What are two rights of everyone living in the United States?